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  • #1,222,581
  • Oct 24, 2023 5:00am Oct 24, 2023 5:00am
Riding short against retail longs at the moment, capitalizing on intraday imbalances while the dealer makes work of overbought retail volume.

Asia:

  1. Session consolidated within a 22-pip range. Point of control established at @ 1.06683
  2. It should be noted the dealer accumulated orders inside and just outside yesterday's high. Lots of accumulation in a tight range = more predictable reversal zones.

Asia-Euro:

  1. Dealer spiked the high in a ~25-pip flash of equity (easier to spot on 30M and smaller timeframes), activating pending breakout longs outside Asia session.
  2. Dealer immediately pulled price away from buying volume. In a mere half hour, the dealer has escaped the zone, trading below Asia's session by ~30 pips. Any buyers intra-day or end of US session yesterday are holding negative trades, looking left & news to justify the movement. What they don't understand is they are committed at the worst possible time, trading with the trend.

Euro-US:

  1. Waiting on the changeover but I am looking for some aggressive move to the downside, TP set @ ADR-low, 1.06200. From an intraday perspective, this tells me that the trend has likely terminated. Sometimes they jet further, but I'm happy selling to ADR low or buying to ADR high and walking away for the day.

US:

  1. Either we'll see consolidation, a reversal against EU session, or a continuation in this newly-developing downtrend. I'm taking profit @ ADR and I (usually) don't double-dip! Greed is for suckers!

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Discouragement is the language of the devil. Results over hype.
  • #1,222,582
  • Oct 24, 2023 6:00am Oct 24, 2023 6:00am
The manipulation is so bad if you people only knew
  • #1,222,583
  • Oct 24, 2023 6:21am Oct 24, 2023 6:21am
Quoting imjoshbrown
Riding short against retail longs at the moment, capitalizing on intraday imbalances while the dealer makes work of overbought retail volume. Asia: Session consolidated within a 22-pip range. Point of control established at @ 1.06683 It should be noted the dealer accumulated orders inside and just outside yesterday's high. Lots of accumulation in a tight range = more predictable reversal zones. Asia-Euro: Dealer spiked the high in a ~25-pip flash of equity (easier to spot on 30M and smaller timeframes), activating pending breakout longs outside...
I hopped out a little before ADR hit, +59 pips.
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Discouragement is the language of the devil. Results over hype.
  • #1,222,584
  • Oct 24, 2023 7:27am Oct 24, 2023 7:27am
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$JY 5' --- Don't underestimate the strength of this move . . . . .It's going much higher.

and it means that E. and BP might have topped BIG. . . . . .

  • #1,222,585
  • Edited 8:09am Oct 24, 2023 7:58am | Edited 8:09am
Quoting imjoshbrown
{quote} I hopped out a little before ADR hit, +59 pips. {image}
Countering intraday trend. Long off last week high outside ADR low, conveniently off Last week's high right at the Euro-US session changeover. These timings aren't coincides! KNOW THE TIMINGS!

US traders are likely piling in short after EU correction, chasing the drop at the worst possible time. ADR indicates termination of intraday trend. 3-hour timer set, if dealer fails to close above last week's high and trend long, I'm out.
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Discouragement is the language of the devil. Results over hype.
  • #1,222,586
  • Oct 24, 2023 8:32am Oct 24, 2023 8:32am
testing lower tl , breakout 0600 , waiting
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,222,587
  • Edited 9:15am Oct 24, 2023 8:40am | Edited 9:15am
Price action analysis is a way of analyzing price direction, entry, exit and take profit. However, these are all simple methods applied by many traders, but price movements are not as simple as they seem.

Dow theory says follow the trend until the trend turns.
Wyckoff said trends cannot be manipulated.
Price movements are manipulated at any time, but trends cannot be manipulated
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even we see inside bar in tf weekly .... does not mean = as reversal ...........


trend depend on interest and needs of ECB AND FED .... NOT DEPEND ON ROBBER BANKS

BUT ROBBER BANKS NEED A PRICE MANIPULATION FOR THEIR MAXIMUM GAIN

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We hope and pray that the ECB can help/improve the economic growth of EU countries, but currently EURO is still DOVISH
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NOW VERY CLEAR ... WE FOUND UTAD
Even if your money can bring prices up as far as possible... then that will only worsen the condition of the euro
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The Average Discount Everything
  • #1,222,588
  • Oct 24, 2023 8:51am Oct 24, 2023 8:51am
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JY 5' --- Clearly decisive strong move. . . . . .

  • #1,222,589
  • Oct 24, 2023 9:19am Oct 24, 2023 9:19am
Quoting F.g
{image} JY 5' --- Clearly decisive strong move. . . . . .
Could this mean that we have confirmation that 1.061 support held and the door is open for a rally up to 1.073?
Could an hourly close below 1.061 invalidate this support zone? Even a 15 minute close below?
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You cannot fail if you never give up.
  • #1,222,590
  • Oct 24, 2023 1:09pm Oct 24, 2023 1:09pm
Quoting 7154Superman
{quote} Could this mean that we have confirmation that 1.061 support held and the door is open for a rally up to 1.073? Could an hourly close below 1.061 invalidate this support zone? Even a 15 minute close below? {image}
Man , hi.

You didn't pay attention to my previous post , in this page. Kindly read it.

  • #1,222,591
  • Oct 24, 2023 2:25pm Oct 24, 2023 2:25pm
Watch out, another push up is coming
...shorts killer still around
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  • #1,222,592
  • Oct 24, 2023 4:04pm Oct 24, 2023 4:04pm
Quoting energies
Watch out, another push up is coming ...shorts killer still around {image}
That's what I'm betting on this round. Holding my long.
You cannot fail if you never give up.
  • #1,222,593
  • Edited 7:34pm Oct 24, 2023 6:11pm | Edited 7:34pm
short term, bears next target = breakdown 1.05715 , then 104281/1.04000/1.03566
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strong bearish engulfing
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The Average Discount Everything
  • #1,222,594
  • Oct 24, 2023 8:23pm Oct 24, 2023 8:23pm
Quoting hesron
short term, bears next target = breakdown 1.05715 , then 104281/1.04000/1.03566 {image} strong bearish engulfing {image} {image}
Well, who is right, energies or hesron? They both predict opposite price direction to an extreme level. I guess we'll see. Because of their extreme predictions, it's not likely they will both be right. One of them will come back with "I told you so." I wish I knew which it's going to be.
You cannot fail if you never give up.
  • #1,222,595
  • Oct 24, 2023 9:56pm Oct 24, 2023 9:56pm
Quoting 7154Superman
{quote} Well, who is right, energies or hesron? They both predict opposite price direction to an extreme level. I guess we'll see. Because of their extreme predictions, it's not likely they will both be right. One of them will come back with "I told you so." I wish I knew which it's going to be.
we as traders don't need to prove you are right or I am right... I'm just dust in the market... so I don't have any meaning in the market... I can't move the price even for 0.0000000001 pips.... I just trying to read and understand the psychology of big traders, sometimes I get it wrong and sometimes I get it right....
Market players in the market are actually very diverse and I am also not one of the real market players.... I just trade with very small capital in a market that is not mine.... so I have no meaning to the market and I have to realize That ...

money that goes into the eurusd market, on average 30% of the money that goes into the forex market. That means if the total money entering the market is 10 T USD per day, then 3 T USD goes into the EURUSD market.... that's a very large amount of money.... while 1/10000000 of my capital can't be compared with the money coming in market or with your balance ......
The Average Discount Everything
  • #1,222,596
  • Oct 25, 2023 12:07am Oct 25, 2023 12:07am
Quoting hesron
{quote} we as traders don't need to prove you are right or I am right... I'm just dust in the market... so I don't have any meaning in the market... I can't move the price even for 0.0000000001 pips.... I just trying to read and understand the psychology of big traders, sometimes I get it wrong and sometimes I get it right.... Market players in the market are actually very diverse and I am also not one of the real market players.... I just trade with very small capital in a market that is not mine.... so I have no meaning to the market and I have...
Hesron, I get that about you not having control of the market direction, etc. Nobody does except the big banks, brokers, algos, and macro economics. But the fact still remains that you and energies are both extreme, yet opposite, predictors of future price action, you're both VERY sure you're right, (it sounds like it anyway), yet only one of you can be right. So, it's really comical to see this play out and also try to trade accordingly. Simply pick the player you think is right and bet on it. LoL
Personally, I like to learn and understand what makes the price action move the way it does, for example, stops and resistance areas. S & R does not ultimately control the end result like fundamentals and manipulative market movers do, but it controls a lot of what happens on the way there. I like to read what Gatorinla has to say on the Swamp forum. His technical analysis is very accurate, informative and transparent. A lot can be learned from him. Also, solid accurate fundamental information comes from PatienceFX on the "EUR/USD Only" forum. (Don't confuse that forum with the freak, stuck up, no tolerance gambler, Ata Turkoglu's forum "EUR/USD only". Note the difference in the word "only" vs "Only".) I got shut out of Ata's forum for calling out his dumb inaccurate calls. And he still makes these grandiose medium to long term price action calls based on technicals that make sense to him in the moment, but are rarely accurate. Both the reason for his calls and the calls themselves are rarely accurate. But I still read everything on all the forums in order to cross reference what I'm seeing in the market. I'm trying to not be biased in any direction while trading. But that's so not me.
Once I get convinced that price is going in any one direction, I find it almost impossible to flip around the other way as needed, despite evidence supporting the flip. So I freeze up to the point of not even being able to cut my loss at BE. Weird.
You cannot fail if you never give up.
  • #1,222,597
  • Edited 2:38am Oct 25, 2023 12:40am | Edited 2:38am
Quoting 7154Superman
{quote} Well, who is right, energies or hesron? They both predict opposite price direction to an extreme level. I guess we'll see. Because of their extreme predictions, it's not likely they will both be right. One of them will come back with "I told you so." I wish I knew which it's going to be.
...in fact, i'm not with or against some one i juste have my own way to trade... if you look at my history you'll see that i'm ready for up move and down move...
...now let's see if it stay inside the box
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  • #1,222,598
  • Edited 3:09am Oct 25, 2023 2:50am | Edited 3:09am
Quoting 7154Superman
{quote} Hesron, I get that about you not having control of the market direction, etc. Nobody does except the big banks, brokers, algos, and macro economics. But the fact still remains that you and energies are both extreme, yet opposite, predictors of future price action, you're both VERY sure you're right, (it sounds like it anyway), yet only one of you can be right. So, it's really comical to see this play out and also try to trade accordingly. Simply pick the player you think is right and bet on it. LoL Personally, I like to learn...
Your explanation is very interesting.
Currently I only believe in how to read and understand charts, only in 5 theories that have existed for a hundred years:
1. Dow theory
2. Elliot waves
3. Gann tools
4. Wyckoff Method
5. M and W pattern Arthur Merrill
Every basic/method of analysis already has a standard trading system (if necessary, after understanding the method and theory, we can develop it, like the boxes that I often show)


Nothing new has emerged to date in technical analysis, apart from adopting the 5 basic theories of technical analysis

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The Average Discount Everything
  • #1,222,599
  • Edited 6:02am Oct 25, 2023 3:22am | Edited 6:02am
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SO , TF H1 .... we see inside bar
if we are see UTAD in TF m5 then price continuation down trend (follow through the down trend), the last up movement = calls as fake trend (prove IB in tf weekly, mean pause in the market)
The Average Discount Everything
  • #1,222,600
  • Oct 25, 2023 4:40am Oct 25, 2023 4:40am
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Approaching my take prfts level, soon. . . . .

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